PJSC Gazprom closed the book of applications for the issuance of…
PJSC Gazprom closed the book of applications for the issuance of three-year bonds with a total volume of 50 billion rubles, featuring a floating rate with a spread of 150 basis points over the key rate set by the Central Bank of Russia. The total volume of investor applications exceeded 52 billion rubles and was fully retained in the book for the final price benchmark.
Consensus
- PАО «Газпром» conducted a placement of three-year floating-rate bonds with a spread of 150 basis points to the Central Bank's key rate.
- The issuance volume was set at 50 billion rubles.
- Total investor demand exceeded 52 billion rubles and fully remained in the book at the final pricing benchmark.
- The placement took place on July 20, 2026.
- Gazprombank served as the placement agent.
- Technical calculations are scheduled for July 23, 2026.
- Participation included institutional investors (86.2%), insurance companies (12.0%), and individual investors (1.8%).
- The issuance occurred amid increased financial market instability.
Points of divergence
- The collection of applications took place on June 20, 2026, not July 20 as stated in Kommersant. — vedomosti
- The issuer is identified as ООО «Газпром капитал», a subsidiary of PАО «Газпром», which acts as the key issuer of the bonds. — vedomosti
- The nominal value of one bond is 1,000 rubles. — vedomosti
- A previous placement of four-year floating-rate bonds (series BO-003R-27) occurred on January 27, 2026, with a spread of 1.3% to RUONIA for the first four coupons. — vedomosti
Coverage (5 sources)
- Investor demand for Gazprom's new floating-rate bond issue exceeded 52 billion rubles — Коммерсантъ
- Gazprom issues bonds worth 50 billion rubles — Ведомости
- Gazprom records the volume of placement of float BO-003R-28 — Ведомости
- Gazprom to collect floaters applications on July 20, totaling from 20 billion rubles — Ведомости
- Gazprombank to Place Additional Issuance of Discount Bonds for 5 Billion Rubles — Ведомости